This week in money

Gold and silver prices forecast to climb

Gold is set to rise about 7 per cent by the time of the London Bullion Market Association conference in October 2017, according to a survey of people who attended this week’s annual gathering in Singapore. Silver will gain 18 per cent. The yellow metal will trade at $1,347.40 an ounce in a year’s time compared with $1,263 on Tuesday, while silver will change hands at $20.90 an ounce from $17.66, the survey showed

British inflation surges

British annual inflation rose to a near two-year high of 1.0 per cent in September, official data showed on Tuesday, as a tumbling pound raised prices of imported goods and attracted tourists. The Office for National Statistics said the jump in the rate, from 0.6 per cent in Aug­ust, was mainly the result of significant increases to prices of women’s clothing, although not necessarily a direct result of the pound’s slide after Britain voted in June to exit the European Union.

2.5 % salary growth

UAE starting salaries for professional roles in finance and accounting, financial services, technology and administration are predicted to grow by 2.5 per cent over the next year, according to the Robert Half 2017 Salary Guide. However, HR and legal roles will be subject to the highest average salary increases at 3.5 per cent and 3 per cent respectively, the study revealed.

Free burgers at Wendy’s

To celebrate its upgrade to 100 per cent Angus Beef, the fast-food chain Wendy’s is giving away 100 burgers in three restaurants in the UAE. Wendy’s Dubai Festival City, Mushrif Mall in Abu Dhabi and Sahara Centre in Sharjah will each give away 100 burgers from 4pm until 6pm on October 24. The freebie meals include Dave’s Hot ‘N Juicy, the Spicy Chicken Sandwich and a vegetarian burger option.

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